7,100 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,100 shares of the basic materials company's stock, valued at approximately $541,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after buying an additional 32,196 shares during the last quarter. FMR LLC increased its holdings in Minerals Technologies by 64.2% in the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after acquiring an additional 482,674 shares during the last quarter. Geode Capital Management LLC lifted its stake in Minerals Technologies by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company's stock worth $66,841,000 after purchasing an additional 31,616 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Minerals Technologies by 31.1% during the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock valued at $65,630,000 after purchasing an additional 204,371 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Minerals Technologies by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company's stock valued at $42,309,000 after purchasing an additional 2,647 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Price Performance

Shares of NYSE:MTX traded down $1.54 on Tuesday, reaching $53.56. The company's stock had a trading volume of 239,753 shares, compared to its average volume of 169,968. The company has a 50-day simple moving average of $67.98 and a 200 day simple moving average of $74.33. Minerals Technologies Inc. has a 52-week low of $52.40 and a 52-week high of $90.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The company has a market cap of $1.70 billion, a P/E ratio of 10.34 and a beta of 1.25.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. As a group, equities research analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. Minerals Technologies's dividend payout ratio is presently 8.49%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTX. Truist Financial decreased their target price on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded Minerals Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.